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South Australia’s farm employment levels have
been climbing steadily since late 2010 according to
BankSA’s Trends economic bulletin.
The rise in employment levels on the State’s farms is
largely the result of improved conditions after strong
rainfalls, with numbers in the agricultural workforce
having increased by more than 10,000 since late
2010 in SA according to data compiled for Trends
by Deloitte Access Economics.
The Trends bulletin concludes that it is quite
likely that some of the ‘’new’’ agricultural workers
are returning to the land as their main source of
employment following the drought.
The report found that while the drought was on,
those farm workers worked more in other jobs in
country centres to pay the bills than on farms.
Trends found that since late 2010, a large proportion
of the previous decade’s job losses in agriculture
largely caused by the drought, had been recovered.
It also found that the persistently high Australian
dollar meant that local farmers were receiving
around the same amount for their exports as they
were in 2008, even though the prices that overseas
buyers were paying had increased by nearly 50%
over the same period.
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FARM SECTOR EMPLOYMENT LEVELS RISE IN SA
HIGH $A IMPACTS
TEXTILES
MANUFACTURING
THE MOST
The struggles of the manufacturing
sector in an environment where
the Australian dollar continues
to remain high have been well-
documented, but BankSA’s Trends
economic bulletin for June 2012
quantifies the impact on various
sub-sectors in this industry.
It tracks output back to early
2008 and finds that the textiles
and clothing sector in Australia
is a third smaller than it was four
years ago, while the printing and
recording sector is almost 25%
smaller than it was.
The road transport sector also
counts as one of the worst
performers among Australian
industries in the past four years,
with output still 7% below where
it was at the time the Global
Financial Crisis hit.